Nokia India states Tax Raid on Chennai Factory was “excessive and unacceptable”
Nokia India released a statement about the Tax Raid on their Chennai manufacturing facility by Government officials that happened last month.
The company has sent a “letter of objection” to the Indian government following the raid over alleged back taxes totaling $545 million. Nokia has denied all allegations and stated:
[quote_simple]The actions of the income tax authorities in Chennai are excessive, unacceptable and inconsistent with Indian standards of fair play and governance. We do not see any merit in any of the claims, and are ready to defend ourselves vigorously.[/quote_simple]
Nokia has been in India for years now, and has been voted the country’s most trusted brand multiple times, in a row. India is also their second largest mobile phone market after China, so it’s safe to say they know what they’ve been doing in the country so far, as far as legal issues go. Apparently Nokia has not received “any official information” from the Indian government regarding the tax claims and join other companies like telecom giant Vodafone who as also fighting claims by Indian officials.
Just another day in Indian politics, folks.